Quarterly ResultJul 16, 2026, 06:36 AM
Citizens Financial Q2 Net Income $587M, EPS $1.30
AI Summary
Citizens Financial Group, Inc. reported strong second quarter 2026 results, with net income rising 35% year-over-year to $587 million and diluted EPS increasing 41% year-over-year to $1.30. The company achieved significant revenue growth, with total revenue up 12% year-over-year, driven by a 14% increase in net interest income and a 9% increase in noninterest income, including record fees from Wealth and Capital Markets. The company also announced a quarterly common stock dividend of $0.46 per share and repurchased $225 million in common shares, reflecting confidence in its financial performance and outlook.
Key Highlights
- Net income for Q2 2026 was $587 million, up 35% year-over-year.
- Diluted EPS reached $1.30, a 41% increase year-over-year and 15% quarter-over-quarter.
- Total revenue grew 12% year-over-year to $2,283 million.
- Net interest income increased 14% year-over-year to $1,631 million.
- Noninterest income rose 9% year-over-year to $652 million, with record Wealth and Capital Markets fees.
- Average deposits increased 1% quarter-over-quarter to $183.6 billion, driven by Private Bank and retail.
- Loans grew 3% on a spot basis and 2% on an average basis quarter-over-quarter.
- Declared a quarterly common stock dividend of $0.46 per share.
- Repurchased $225 million of common shares during Q2 2026.
Price Impact
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